Baker Hughes rig count for the current week

  • Oil rigs rose +1 to 444
  • Gas rigs rose +1 to 100
  • Total rigs +2 to 544

Simple math there...

In other oil related news, major oil consuming nations including the US, India, and Japan are pressing for OPEC+ to do more and raise output faster. Chevron is saying that OPEC barrels could help crude differentials.

The price of crude oil for December decliver is trading at $83.10 up 0.35%.